Homeownership Solutions Platform Launched By Hope LoanPort, IndiSoft

Posted by Patrick Barnard on September 17, 2014 No Comments
Categories : Residential Mortgage

Hope LoanPort (HLP), a 501c3 technology nonprofit that helps families reach and sustain their goal of homeownership, is launching a new Web-based technology platform that integrates a full case management system, document management system and communications technologies to enable servicers, lenders and investors to collaborate and share files in real time.

The National Homeownership Solutions Platform (NHP), which is based on the platform developed by HLP to help regulators track the progress of lenders in meeting the terms of the 2012 national mortgage settlement, will feature IndiSoft's collaboration and file sharing tool, RxOffice.

Once completed, the new platform will support a full range of housing cases and products, including pre-purchase, post-purchase, post-modification, early intervention outreach, foreclosure prevention, short sale/deed-in-lieu, state foreclosure mediation, bankruptcy mediation and reverse mortgages.

‘This is a game-changing initiative geared toward unifying the efforts of multiple sectors and stakeholders,’ explains Camillo Melchiorre, president and CEO of HLP, in a press release. ‘Too often, past efforts have focused on addressing individual pieces of these complex transactions and, sadly, have left families stranded at different stages in the process. By engaging the advocacy, counseling, servicing and lending and investor communities, we are building a common, unified platform that allows for a clear, seamless path through all phases of the homeownership process.’

The launch of the platform comes just as organizations offering housing counseling are struggling to implement new technologies to facilitate communication and collaboration amongst various stakeholders involved in the mortgage process.

‘We are proud to support HLP's mission and to have RxOffice power the NHP,’ says Sanjeev Dahiwadkar, CEO and founder of IndiSoft. ‘We will be making significant, sustained investments in continuing to improve this platform in the coming years.’

The breadth and depth of the platform's capabilities have been steadily growing over the past three years through a series of key partnerships that include industry leaders such as Bank of America, Wells Fargo and Fannie Mae.

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